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150 Austill Avenue
Mobile, AL 36608
$3,400,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
--
Property Description
On almost an acre in Spring Hill, this elegant, timeless design embodies the epitome of luxury craftmanship and modern sophistication. Walkable to shopping, schools, restaurants and The Country Club of Mobile, easy access to downtown Mobile, or to activities such as hunting, fishing or the nearby beaches. Every detail creates a relaxing, comfortable living space perfect for a grand soiree or an intimate gathering. Exclusive amenities include: Antique heart pine and (German) Jura stone floors throughout. The Chef’s kitchen includes, Wolf 6 burner gas cooktop and grill, pot filler, copper sinks, 2 Wolf ovens (hidden behind retractable wire cabinet doors, custom cabinets above ovens for trays, etc.) 2 subzero warming drawers below each oven, 2 built in subzero refrigerators w/ freezer drawers, a coffee bar w/ microwave, 20’ granite countertop island w/ a built in recycling center, 2 Bosch dishwaters and 2 hot/cold filtered water faucets w/ soap dispensers. The front island contains ample storage below w/ Ethernet connections and pullout cabinets for files and supplies. There’s a large walk in pantry w/ shelving, cabinets, drawers and cubbies. The breakfast room has a barrel hand painted ceiling w/ fiber optic lighting and hanging light fixture. An office area and keeping room are located next to the breakfast room. A secondary laundry room and full bath services the kitchen and pool area. The lrg. Great room w/ expansive detailed coffered ceiling is separated by a hand painted 24’ barrel ceiling w/ fiber optic lighting. Enjoy a fire in the custom designed Italian fireplace w/ matching stone columns. A bay window nook houses a grand piano (w/ acoustical finishes in the walls.) The 17’ TV cabinet is custom built to hold a movie theatre screen as well as a large TV which can be hidden behind retractable doors. Cabinets hide the surround sound speakers, DVD’, media storage as well as additional storage. A wall of 16’ arched windows and 2 sets of 10’French doors w/ 6 ‘arched transoms allow light to flood the room. Motorized hurricane shutters hidden in the eves outside of the windows and French doors provide security as well as darken the room as a movie theatre. The great room overlooks a large pool, peacock paver deck and outdoor kitchen w/ a grill, sink, hot water heater, dishwasher, warming drawer, specialty lighting, drink refrigerator, icemaker, stone countertops and Atlantis weather resistant cabinets. A large storage room is off the 2 car garage, plus a lrg backyard. Adjacent to the great room is a 2000 bottle wine cellar. Next door to the wine cellar is a sitting room w/ a wet bar and a wood burning fireplace. The circular flow of the first floor makes the entertaining of large groups w/ ease. A private guest room w/ ensuite bath is also on the first floor. The main laundry room is located near the primary bedroom. BRs 2 and 3 are connected by a Jack and Jill vanity area w/ 2 walk in closets and a separate bath. BR 4 also has a walk in closet and ensuite bathroom. The large primary bedroom has a sitting area, a balcony overlooking the great room, a fireplace, built in King canopy bed and a large bathroom w/ a coffee bar, more storage, a jetted tub w/ stained glass art that separates the large two person Kohler electronic showers including body sprays, dual heads, hand held spray and rain shower. There is a custom 2nd closet and w/ ample shoe & purse storage, personal sink and lighted makeup area. The 3rd floor is a large open floor plan w/ an office, exercise area, BR area , cedar closet and 1/2 bath. There is a walk around attic, lrg storage closet and room w/ 2 50 gal. water heaters and a recirculating pump plus additional storage for holiday decorations. A security gate protects the driveway and two car garage w/ additional storage and cabinetry.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1982
MLS Number
7264978
Location
Address
150 Austill Avenue
City
Mobile
State
AL
Zip Code
36608
County
MOBILE
Listing
Provider
Roberts Brothers, Inc., original listing
Name
Roberts Brothers, Inc.
Phone
(251) 344-9220
Office Name
Roberts Brothers TREC
Office Phone
(251) 344-9220
Agent Name
Chris Clarke

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.